By Mark Boshnack
Staff Writer
ONEONTA _ With reports
midday Thursday that an
agreement for a financial bailout
of the banking system was
getting closer, the reaction
was mixed from people who
shared their opinion.
Six people discussed the
situation outside the Wal-Mart
on Oneonta’s Southside.
“Bailing out someone else’s
mistake is a
mistake on our
part,” said Ann
Carman, 38, of
Otego. She said
she works in
the fundraising
department at
Hartwick College.
Why should
regular, hardworking families
have to come up with what has
been estimated at more
than $2,000 a person, she
asked.
The chief executive officers
who make millions
of dollars a year should be
forced to pay, she added.
“Many people in government
don’t really understand
what was being
offered, so how can the
average citizen understand
the situation?” Carman
said.
“I think it’s a necessary
evil,” said retiree Barbara
Smith, 66, of Morris. “It just
seems sad that the credit
problems have gotten
this far. I hope
they know what they
are doing.”
She said she
doesn’t like to
see government
involved in such
things, but there is
going to have to be
more regulation of
the companies getting
rescued.
During the recent upheavals,
she doesn’t like
to look at her retirement
plan, she said. “It will
come back,” but she is not
sure when.
The government needs
to fix the issues surrounding
the banking system,
said Steve Barrett, 25, of
Oneonta, who works for
a fire suppression equipment
company.
“I believe the government
should be putting
their foot back in” when it
comes to finding solutions
to the economic problems
facing the country, he
said.
After lawmakers tackle
banking, they need to look
at ways of getting more
people back to work, he
said. They took such actions
during the Depression,
he added, and maybe
something similar is
needed now.
“I think it’s necessary,
but it’s a little late,” said
Loretta Weaver, 67, of
Hamden.
Weaver, a nurse, said
she is a supporter of Sen.
John McCain, R-Ariz., for
president.
McCain identified that
there was a problem with
government mortgage
lenders Freddie Mac
and Fannie Mae years
ago, she said, but neither
President Bush nor the
Congress wanted to do
anything about the
issue then.
“ I don’t think it
will help much, but
they have to do it to
restore faith in the
economy again,”
she said.
Frank MacDonald,
63, of Millville,
N.J., said, “My only
concern is that taxpayers
are going to have to pay
for the whole thing.”
Even so, he added,
“I know we are going to
have to trust the people
in power to come up with
a plan.”
State University College
at Oneonta student
Sultana Aslamkhan, 20,
said, “I feel they should
bail them out,” but not to
the extent that is being
discussed.
“It’s all going to come
out of taxes,” she said.
She was concerned
about the tax impact of the
wars in Iraq and Afghanistan,
plus the bailout,
on her generation. She
plans on going to medical
school, so she expects to
be all right, but said “not
everyone will be.”
inactive
September 26, 2008
Bailout optimism premature
LOCAL REACTION
- Local News
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Motorist rolls truck, charged with drunken driving
A motorist who continued driving after his truck rolled 360 degrees in Summit early Monday was charged with drunken driving, state police at Cobleskill said.
- Motorist rolls truck, charged with drunken driving A motorist who continued driving after his truck rolled 360 degrees in Summit early Monday was charged with drunken driving, state police at Cobleskill said.
- Mary Lorraine Hawkins RICHFIELD SPRINGS _ Mary Lorraine Hawkins, 85, went to be with the Lord on Monday, May 10, 2010, she was at Bassett Hospital in Cooperstown.
- Area briefs: Video on natural gas drilling to be presented COPES CORNERS _ The Concerned Citizens of the Butternut Valley will sponsor a video presentation about natural gas drilling at 7 p.m. today at Gilbertsville-Mount Upton Central School at 693 State Highway 51.
- Area briefs: Video on natural gas drilling to be presented COPES CORNERS _ The Concerned Citizens of the Butternut Valley will sponsor a video presentation about natural gas drilling at 7 p.m. today at Gilbertsville-Mount Upton Central School at 693 State Highway 51.
- Evelyn E. Kinney MORRIS _ Evelyn E. Kinney, 81, of Morris, passed away Jan. 17, 2010.
- Frost may have damaged plantings Traces of a visit by Jack Frost overnight might leave severe damage to plant life in Otsego, Delaware and Chenango counties, weather officials said Monday.
- Daisy Wagner Schultz WALTON _ Daisy Meda Wagner Schultz, 65, of Walton, passed away unexpectedly Sunday evening, May 9, 2010, at home.
- Frost may have damaged plantings Traces of a visit by Jack Frost overnight might leave severe damage to plant life in Otsego, Delaware and Chenango counties, weather officials said Monday.
- Edward Luke Ryder MOUNT VISION _ Edward Luke Ryder, 71, passed away Monday, May 10, 2010, at his home.
- Police probe apparent murder-suicide WALTON _ An apparent murder-suicide shooting is being investigated by the Walton Police Department, the state police and the Delaware County Sheriff's Department, Walton Police Officer Brian Laauser said Monday. The shootings occurred at 32 Union Street at about 10 p.m. Sunday, police said.
- Police probe apparent murder-suicide WALTON _ An apparent murder-suicide shooting is being investigated by the Walton Police Department, the state police and the Delaware County Sheriff's Department, Walton Police Officer Brian Laauser said Monday. The shootings occurred at 32 Union Street at about 10 p.m. Sunday, police said.
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3 area lawyers say Kagan likely to be confirmed
Elena Kagan is likely to be confirmed as United States Supreme Court justice and seems qualified for the post, according to three area lawyers.
Kagan, the nations solicitor general and a former dean of Harvard Law School, is President Barack Obamas choice to succeed retiring Justice John Paul Stevens. - Alyce H. Roberts ONEONTA _ Alyce H. Roberts, 89, of Oneonta, passed away Sunday, May 9, 2010, at home.
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3 area lawyers say Kagan likely to be confirmed
Elena Kagan is likely to be confirmed as United States Supreme Court justice and seems qualified for the post, according to three area lawyers.
Kagan, the nations solicitor general and a former dean of Harvard Law School, is President Barack Obamas choice to succeed retiring Justice John Paul Stevens. -
Outdoor biking program starts in city
ONEONTA _ An outdoor biking program Tuesday nights has begun in Oneonta.
The group meets at the Brenner Recreational Center near Hodges Pond in Neahwa Park at 5 p.m. -
Outdoor biking program starts in city
ONEONTA _ An outdoor biking program Tuesday nights has begun in Oneonta.
The group meets at the Brenner Recreational Center near Hodges Pond in Neahwa Park at 5 p.m. - Marc E. Guy DELHI _ A graveside memorial service for Marc E. Guy, 79, of Delhi, who passed away Saturday, Feb. 27, 2010, at Hospice of the Golden Isles,
- Bridge work to take place on I-88 today OTEGO _ Crews will be working on bridge maintenance on Interstate 88 eastbound between exit 12 in Otego and exit 13 in Oneonta beginning at 8 a.m. today, a media release said.
- David C. Yager ONEONTA _ Graveside services with military honors for David C. Yager, who passed away Feb. 7, 2010, will be at 1 p.m. Friday, May 14, 2010, in the West Oneonta Cemetery.
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Motorist rolls truck, charged with drunken driving
